xhv8mzw7ge79waga35o97s2wbzpfr6 The Latest on Housing in Houston

295 W Center St, Suite A

Provo, UT 84601

(801) 758-8970

(Brokered by RE/MAX Equity & partners)


FIG DISCLAIMER: No investments are guaranteed to result in profits. Net operating income, cap rates, and internal rates of return are subject to fluctuation and may experience a wide range of change, including the potential for operating losses. Factors affecting investment returns include, without limitation, changes in interest rates, tenant vacancies and defaults, property management expenses, repair and maintenance costs, HOA expenses, litigation, insurance rates, and relative strength and weakness in the local and regional economy. Past performance is not a guarantee of future returns. FIG does not provide tax or legal advice, and none of the statements or information on our website or sales materials should be construed as tax or legal advice. All investors are encouraged to seek advice from their own tax and legal professionals. All estimated returns on investments in FIG projects are subject to change and may be significantly different from actual financial performance. FIG is a brand used for the purposes of marketing. FIG is not an actual company but is used to brand the investment strategy used by those marketed on this website. © 2020 FIG & RE/MAX Equity

The Latest on Housing in Houston

After successfully selling out of our first project outside of Utah, FIG is excited to launch another project in the Houston, Texas market! If you compare Houston to other markets where FIG operates, it’s absolutely gigantic! And this sprawling urban area continues to expand. Even with lagging energy prices over the last few years, Houston has marched forward due to a diversified economy and inflating population. On average, 200 people a day move to the Houston metropolitan area! And this pattern of steady growth is expected to continue. In this climate of expansion, it's necessary that an increase in housing keeps up with the rising demand. Therefore, there's never been a better time to invest in this Texas Promised Land.

The Latest on the Houston Economy and Housing Market

The Houston economy has rebounded through surging oil prices and is projected to propel forward fed by a constant infusion of growth across diversified sectors. A recent article from the Houston Chronicle quoted University of Houston Economist Bill Gilmer in saying that when it comes to the real estate market and energy prices, “We have turned the corner.” New residents keep pouring in, forecasting sunny times ahead for the future housing scene. The Houston Association of Realtors (HAR) published an article showing that townhome/condominium leases have increased six percent! It's evident that this Texas rental market is ripe with need for more property to lease.

FIG’s new project, The Village at Parkway Lakes, is located in the Katy/Richmond area on the west side of the metro. It's a safe and quiet suburban community great for raising kids. Many families that relocate to Houston for work end up loving the area, primarily because of the schools. In fact, a quick glance over the scores from Great Schools shows that most of the schools in this area get a rating of 10 out of 10, the lowest only getting an 8! This is an area where people want to live, an area where people want to stay and let their kids grow up. FIG is positioned to participate in providing high-quality housing options for this swelling pool of settling families.